Risk, Re-/Insurance and Future Thinking
Posts tagged as:
Water—or the scarcity of it—is not something people give a lot of thought to. But consider these facts:
Demand for clean water will rise by 100% between 2007 and 2040.
Irrigation for farming uses 60% of all water taken from rivers and aquifers globally.
While the world produces twice as much food as it did 25 years [...]
{ 0 comments }
Toyoto is not having a good time. A couple of days back I wrote about the Toyota slow-motion PR wreck. Yet here is another perspective on the whole matter from Ed Wallace on Business Week.
He cautions, soundly, against knee-jerk reactions and suppositions, citing very very biased reporting and investigation in the cases of [...]
{ 0 comments }
We won the second phase of our case for RMP against Brent LBC, Harrow LBC and LAML today.
Here is the Press Release. As before, I hope to put up a more comprehensive guide to what the judgment means shortly.
London Mutuals Case: Local Authorities Cannot Sidestep EU Procurement Process
Another resounding victory for Risk Management Partners [...]
{ Comments on this entry are closed }
On April 22nd 2008 Lord Justice Stanley Burnton handed down his judgment in R (on the application of Risk Management Partners) –v– the Council of the London Borough of Brent [2008] EWHC 692 (Admin).
LAML, who were an interested party in the case, say that the court threw “out claims from the private sector that councils [...]
{ Comments on this entry are closed }
I just had a big win on a case of major importance in its field. Here is the press release. A more detailed analysis will follow:
Local authorities not authorised to act as insurers
In a landmark case, the High Court has found that Brent LBC had no power to participate in LAML, a mutual insurer [...]
{ 1 comment }
In his 2008 letter to shareholders, Warren Buffett has a charming little story about the problems of IBNR and the known unknowns (ahem):
We also include a large reserve for losses that occurred before year-end but that we have yet to hear about. Sometimes, the insured itself does not know that a loss has occurred. [...]
{ Comments on this entry are closed }
Get smart with the Thesis WordPress Theme from DIYthemes.
